India powers TÜV SÜD Group''s 70 per cent growth in APAC region
11 May 2006
New Delhi: TÜV SÜD AG, fourth-largest global testing, inspection and certification agency, closed 2005 business year with the best results in its 140-year history. Indian operations, with a staggering sales growth of 70 per cent, led the Asia Pacific region in its contribution to this rapid growth for the TÜV SÜD Group.
The group crossed the €1-billion mark for the first time. Their pre-tax result grew by 63 per cent to €110 million and a return on sales of 10.5 per cent (up from 7.4 per cent in 2004). TÜV SÜD companies outside Germany contributed to 20 per cent of total sales.
"Our performance over the last year can be attributed to our strong focus on the domestic sector of the Indian economy," said Ishan Palit, managing director, TÜV SÜD South Asia. As the Indian consumer has started demanding quality and value for money, TÜV SÜD South Asia has played a critical role in ensuring this as a technically competent and truly independent organisation.
"From checking that fuel is "Pure for Sure" to ensuring that contractors do their job on building canals in Andhra Pradesh, we are dedicated to protecting our customers' interests… I have no doubt that our future is as exciting as India's.".
In India, TÜV SÜD engineers are supporting an extensive irrigation project in Andhra Pradesh. Daimler Chrysler also relies on TÜV SÜD in India to certify its domestic authorised distribution network as per the international quality standard ISO 9001:2000. The network was thus the first authorised dealer network in Asia and the fifth worldwide to be certified to this standard.
TÜV
SÜD South Asia is India's leading certifying, inspection
and testing
agency. It is a wholly owned subsidiary of TÜV SÜD
Group (Germany), one of the world's leading providers
of services related to technical safety. TUV South Asia
converted itself to a 100 per cent TUV SUD Group subsidiary
in 1999.
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